While Dorsey did not specify the number of Block employees laid off on Tuesday, a person familiar with the company said the number was close to 1,000.
Dorsey did say that the layoffs focused on Block workers at Cash App, Foundational, and Square.
Staffers were told separately that Block would look to reduce head count by about 10%, as BI reported.
Google and Amazon made significant cuts to head count, while Meta is slimming down more roundaboutly by eliminating certain job titles and telling affected workers they can reapply.
You can read Dorsey's full note to Block staff below:Team,Today our Cash App, Foundational, and Square teams are parting ways with a large number of our teammates.
Persons:
Jack Dorsey, Dorsey, Cash, Kali Hays
Organizations:
Business, Cash, BI, Google, Amazon, Meta, Marketing, Creative
Locations:
Commerce, khays@insider.com